DBS credit profile unaffected by China exposure: Moody's

MOODY'S Investors Service says that DBS Bank's rapidly growing presence in mainland China has not materially weakened its credit profile.

"Most of DBS' China exposure is to overseas borrowers that export to China, and the bank has very little direct exposure to either shadow banking or local government vehicles," said Gene Fang, Moody's vice-president and senior credit officer.

"Additionally, its exposure to real estate is limited, and DBS has set aside strong buffers against loan losses in China, mitigating potential asset quality problems," he added.